Local News

Monday, January 26, 2015

Author:  Dan O'Brien CANFIELD, Ohio -- A robust residential housing market, along with an aggressive development plan that entails a new hotel, condominiums, a banquet center and additional infrastructure work, makes for a busy year at CTW Development Corp.'s Westford Lifestyle Community, says CTW president Chuck Whitman. "We're already looking to break last year's records for housing starts," Whitman says. "The market's been phenomenal." Seventeen single-family residential housing starts with a valuation of $4.9 million moved forward...

Monday, January 26, 2015

CLEVELAND --- The northeastern Ohio region’s gross regional product grew 45% from 1990 to 2015, although employment gained only 3% over the period, Team NEO reports. The quarterly Cleveland Plus Economic Review, released Sunday, projects that northeastern Ohio’s gross regional product will grow another 14% to reach a $247 billion economy and employment will fall to by 5% by 2025. “Northeast Ohio’s economy has grown and diversified since 1990,” said David T. Abbott, executive director of The George Gund Foundation and Team NEO co-chairman. “While the pace of growth...

Monday, January 26, 2015

ORRVILLE, Ohio -- National Bancshares Corp., parent of First National Bank of Orrville, reports fourth-quarter net income of $1.646 million, or 74 cents per diluted share, and full-year net income of $5.904 million, or $2.65 a share, a record. These figures compare to net income of $1.108 million the quarter ended Dec. 31, 2103, or 49 cents a share, and full-year 2013 net income of $4.115 million, or $1.85 a share. Said the president and CEO, Mark R. Witmer, in a prepared statement, “2014 was an outstanding year. We achieved record net income, record return on...

Monday, January 26, 2015

Author:  George Nelson WARREN, Ohio -- These days, the Covelli name is becoming as well known for Sam Covelli’s activities outside of the company that bears his surname, Covelli Enterprises, as his business interests. That name is on the Covelli Centre in downtown Youngstown, the result of a naming rights deal renewed in 2013. The venue is the site of one of the region’s largest annual charity events, the Panerathon, which incorporates the name of the company with which he’s affiliated, Panera Bread, after being the largest...

Sunday, January 25, 2015

BOARDMAN, Ohio -- Representatives from area banking institutions will speak about what could happen in the economy this year at the Youngstown Warren Regional Chamber's Economic Forecast Breakfast on Feb. 5 at Mr. Anthony's. Among the topics that will be discussed are the shale and energy industries, the stock market, the mortgage industry and the international economy. Institutions with representatives speaking at the breakfast are First National Bank of Pa., Cortland Banks, Farmers National Bank, Home Savings and Loan, Huntington Bank, KeyBank, PNC Bank, Seven...

Friday, January 23, 2015

Author:  Josh Medore VIENNA TOWNSHIP, Ohio -- The director of aviation at Youngstown-Warren Regional Airport characterizes a show cause order issued against Aerodynamic Inc. as a “speed bump” in the process of the carrier eventually offering flights at the airport.  One of the speakers at the Good Morning, Vienna and Fowler breakfast presented by the Youngstown Warren Regional Chamber Dan Dickten, responded to the order issued Thursday by the U.S. Department of Transportation (READ STORY). Dickten manages the regional airport for the...

Friday, January 23, 2015

Author:  George Nelson YOUNGSTOWN, Ohio -- Attendance at this year’s TedXYoungstown was more than double that of the inaugural event last year, its organizer says. A total of 235 people registered for the day-long event, taking place today in the Ford Theater at Youngstown State University’s Bliss Hall. “Last year we only had 100 people, which is what we were restricted to,” Lori Shandor, TedXYoungstown Curator, says. “So we’re not a sellout crowd but that’s great news because we have some room to grow here.” The event features a...

Friday, January 23, 2015

YOUNGSTOWN, Ohio -- The U.S. Department of Transportation has issued a “tentative decision” against Aerodynamics Inc.’s proposal to provide daily passenger service from Youngstown-Warren Regional Airport to Chicago, says the company has “failed to demonstrate it continues to be fit to operate as an air carrier” under the control of owner Scott Beale. The “show cause” order, issued Thursday by Brandon Belford, deputy assistant U.S. Aviation secretary, specifies that Beale did not notify the department about a civil lawsuit in which he was required to pay $600,000 in...

Friday, January 23, 2015

Author:  George Nelson VIENNA TOWNSHIP, Ohio -- Four collaborative projects between the Youngstown Air Reserve Station and community stakeholders -- including a proposed firearms and safety training center at the Trumbull Campus of Kent State University -- will now move to the next phase following a meeting Thursday at the air base to finalize the plans that have been developed. The projects were determined through the Air Force Community Partnership Program, which began working with YARS last spring, says Major Tara Richards, a full-...

Friday, January 23, 2015

COLUMBUS, Ohio -- Huntington Bancshares Inc., holding company of Huntington Bank, Thursday reported fourth-quarter net income of $163.6 million or 19 cents per diluted share, and full-year net income of $632.4 million, or 72 cents a share. This compares to third-quarter net income of $155 million, or 18 cents a share, fourth-quarter 2013 net income of $158.2 million, or 18 cents a share, and $641.3 million, or 72 cents a share -- unchanged -- for all of 2013. Huntington also announced that its board of directors declared a quarterly cash dividend of six cents per...

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